When can I stop paying PMI?
Enter your loan numbers to see your exact 80% (by-request) and 78% (automatic) PMI removal dates, the same math CasaCrow uses to alert you the moment you qualify.
How this works
80% LTV: you can request it
Once your balance falls to 80% of your home's original value and you're current on payments, you can ask your servicer in writing to cancel PMI. Extra principal payments can move this date earlier.
78% LTV: it's automatic
Federal law (the Homeowners Protection Act of 1998) requires your servicer to automatically terminate PMI once your balance is scheduled to reach 78% of the original value, even if you never ask.
The 78% date never moves
Unlike the 80% date, the automatic termination date is fixed to your ORIGINAL amortization schedule and can't be accelerated by extra payments. Only the 80% by-request date responds to those.
Estimates only, not financial or legal advice. Verify with your lender.
Common questions
It's a close estimate based on the numbers you enter. Your servicer uses your actual payment history and current statement balance, so treat these dates as planning guidance and confirm the exact figure against your latest mortgage statement.
Not accurately. FHA mortgage insurance premium (MIP) follows different federal rules than conventional PMI. Most FHA loans with less than 10% down (originated after June 2013) keep MIP for the life of the loan, and reaching 80% LTV alone won't cancel it. Refinancing into a conventional loan is usually the only way out. This calculator assumes a conventional loan.
Enter your real current balance from your latest statement. That already reflects any extra payments you've made. This tool doesn't model future extra payments you haven't made yet; for that kind of ongoing, automatic tracking, create a free CasaCrow account.
Contact your servicer in writing and cite the Homeowners Protection Act of 1998 (12 U.S.C. §4902) to request PMI cancellation. CasaCrow's PMI Removal Kit generates that letter for you automatically, along with an appraisal playbook if you need one.
No. Every calculation runs in your browser, and nothing you type here is transmitted to or stored by CasaCrow unless you click "Track it free" to create an account.
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